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over the debt ceiling. last night president obama declared he is not willing to debate congress on the borrowing limit. >> we can't not pay bills that we have already incurred. >> president obama said if congress refuses to raise the debt ceiling the consequences for the global economy would be catastrophic far worse than any fiscal cliff. >>> another high profile vote could come towed. this morning president obama told house republicans they should vote now on hurricane sandy aid, quote, without delay. this has new york lawmakers chastised house republicans for deciding to put the vote off for a few months. people in the region are still trying to recover with the worst winter months still ahead. the senate approved a $60 billion measure friday while a house committee drafted a bill about half that size. >>> students from sandy hook elementary got a sneak peek at the campus where they will go back to school tomorrow. an open house was held this morning at a school in nearby monroe. they have refurbished it and making the classrooms look just like those in sandy hooks. they brou
>> i will not have another debate with this congress over whether or not they should pay the bills they have already racked up. >> the u.s. agrees to a budget deal but more tough bargaining plays ahead. -- lays ahead. >> this is "al jazeera." frustration mounts and the african republic. police throw teargas at the capitol. and ivory coast investigation. a deadly stampede. plus -- >> what is the game that has 70 palestinians confused? -- so many palestinians confused? after months of negotiations, u.s. politicians have finally made a deal to avert the so- called fiscal cliff. the agreement passed the house of representatives. here are some of the main points of the deal -- taxing will not be increased for those earning less than $400,000. benefits for unemployed will be extended for another year. the plan to cut 900 billion has been delayed at least until march. >> the moment the house voted in favor of the bill to keep the u.s. from going over the fiscal cliff permanently. >> the motion is adopted. the motion to reconsider is laid upon the table. >> the measure passing 257 in favor
will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> while markets react positively to the fiscal cliff deal, and wall street is poised for a big day. but how else will the agreement affect your wallet? >>. >>> and a rose parade reunion. an american soldier home from afghanistan surprises his family in front of thousands of spectators and millions watching at home. captioning funded by cbs >>> this is the "cbs morning news" for wednesday, january 2nd, 2013. good morning, everyone. i'm terrell brown. >>> the economy avoided the fiscal cliff but just barely. the house late last night passed the senate bill that avoids the tax hikes and spending cuts expected to start this year. they raised the incomes of those over $400,000. it raises taxes on the portions of estates that exceeds $5 million, long-term unemployment benefits have been extended, and across-the-board spending cuts have been put on hold for two months. tara mergener is in washington with more. tear are, good morning to you. >> good morning, terrell. t
's not willing to debate congress on the borrowing limit. >> we can not not pay bills that we've already occurred. >> reporter: karen travers, abc news, washington. >>> for all of you holiday eaters, cot overweight actually be better for your health? we'll tell you about the recent study which suggests you may not want to lose those pounds. >>> and how the stievers of sandy hook are moving forward. >>> listen up if you're trying to lose those extra holiday powbd -- pownlsd. researchers found having a higher bmi may have a slightly lower chance of dying. those slightly overbeast were not much greater than a normal rate. now don't get too excited, though. experts warn the study does not prove that being overweight is a good thing. >>> scientists say for the first time image tests show fructose can spark brain images. women who spent eight weeks practice -- eating fructose, the brain doesn't register it. researchers say the study is too small to offer proof but does add to the evidence that fructose may play a role in overeating. >>> if you're planning on losing weight in the new year, through pract
. but neither side got everything they wanted. after months of debating and back room deals, congress has passed a bill which will pull the country back from the "fiscal cliff." >> on this vote the yays are 257, the nays are 167. >> reporter: the bill extends bush-era tax rates for every american making less than $400,000 and couples who make less than $450,000. it delays for two months $110 billion in across-the-board spending cuts. >> i'd like to be speaking for bill but i can't. >> reporter: 151 republicans including eric cantor the number 2 ranking house member voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama ahead promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress that the count
that's unacceptable. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> freezing temperatures outside now out the door, temperatures really plummetting. >> a man is swept out to sea trying to rescue his dog. >> a park ranger says this time of year the water in the low 50s and hypothermia can set in within machines. >> never want to start the year that way. >> reporter: fleeing from police a crash kills two innocent bystanders. >> i heard the boom and then i heard all the cars. >> credit card hacked at a bay area bar. >> i got these charges on my account which was saying that i recently charged money in mexico, dubai and england. >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald >>> good morning, it is wednesday, january 2. i'm elizabeth wenger. frank and michelle are both off this morning. >>> time now 6:31. it came down to a late-night vote on capitol hill. but the house has approved
chairing this debate in the 112th congress. the debate on the rule. it continues before we get to the debate and the vote on the senate bill. as we talk about and look at live at the house floor we will cover all of the action here on fox news channel. bring in our panel tonight. steve hayes, senior writer for the weekly standard. a.b. stoddard associate editor of the hill and charles krauthammer. looks like it could be a long evening here. the bottom line is it looks like republicans going to hein up behind this fiscal cliff legislation. >> i think at the end of the long road or at the bottom of the cliff but we are now being returned to the top because nothing really happens until the markets open tomorrow. and this will be done before the markets open. and this will pass. and that means that everything drastic that would have happened automatically, the hike in tax rates, income tax rates for everybody, the alternative minimum tax, all of these things which have taken a huge bite out of consumers and citizens that is all going to be avoided. this was sort of written in stone
things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> so he's drawn the line. i mean, what are they saving over on the republican side? >> well, certainly i don't think republicans would agree with that at all. in fact, keeping the debt ceiling out of this deal was one of the few wins for republicans and they see the ability to use that ceiling again as leverage to get the kind of spending cuts they say are needed to get the deficit under control and that was part of the negotiating position, you know, that mitch mcconnell took when he came in and worked a deal with joe biden, that they didn't put this in there. and that was a win for republicans. it's going to be tough for the president. >> here's what new york congressman steve israel said about not just the debt ceiling but all three of these imminent deadlines. this was a little earlier this morning. >> if we can find republicans to join with us and quit playing games with the debt ceiling and quit this roadrunner m
and will not have that fight. >> he didn't fudge on that. he said "i won't have another debate with congress on whether they should pay the bills." >> he's given a few speeches on this that have been even more elaborated further and has been quite clear that this is not a fight he's willing to have. so i think he has something in mind when it comes to this issue. >> you look back to the election, look how the president has played this since then. what's your initial evaluation of how they've handled this? >> i think that there is a -- they didn't get everything they could have gotten and the president once again wasn't able to close the deal. this is not his greatest skill, negotiating. it's quite evident. he's lucky to have biden in the white house and such a skilled negotiators, somebody who has a great relationship on the hill. he did get what he needed, he did get some of the other items. but once again, he is a democratic president having a discussion about debt, deficits, these are issues that are paramount to the republican party and but he's having it on republican language or an int
of debating and back room deals, congress has passed a bill which will pull the country back from the fiscal cliff. >> on this vote the yays are 257. the nays are 167. >>> the bill extends the bush-era tax rates for individuals earning $400,000 per year and couples $450,000. it also delays across-the-board spends cuts. >> i'd like to speak for this bill but i can't. >> 151 voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> president obama has promised to work with congress to find more spending cuts in the future, but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> treasury secretary of state timothy geithner has warned congress the country is a few months away from defaults on its loans for the first time in u.s. history. >> consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. >> but many
bills. tomorrow mr. obama warned he will not have a debate over this congress. >> someone gets swept out to see. this time a couple was out walking their dog when they were hit by a dangerous wave. cbs 5 reporter on the rescue and how it ended. >> a couple out for a new year's day walk got into serious trouble when they were hit by a sneaker wave. the woman and dog were knocked down. the man jumped in after them. this happened this after. >> while that was happening either the dog was trying to be rescued by the husband or he was trying to assist with her and he was swept out and they were unable to get him. >> the dog made it back to shore. the 59-year-old man did not. a witness said he tried to save him. he was floating about 80 yards off shore. >> we were going to throw a rope but we saw he wasn't reacting. >> the coast guard, marine county fire department launched a search. on a day with larger than normal waves and strong currents. >> the helicopter circled around very tight and low for quite a while. we were thinking wow, maybe we'll see them rescue somebody. but nope. >> at 4:00 t
debate with this congress over whether or not they should pay the bills that they've already wracked up. >>> wall street is ready to rally this morning, after the late night binlget etbudget break-through in washington. >> will this rally last? >>> sandy hook eleme y school students are about to head back to class three weeks after the shooting. classes resume thursday at a repurposed school in nearby monroe. students have toured the school and an open house is set for today. >>> the shell ail rig has run aground off the coast of alaska. no oil leaking. crew members were evacuated. >>> a paparazzi was killed while trying to get a picture of justin bieber. >> he's free he says i'll take care of business. >> all that a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. makes me cry. >> and all that matters. >> members of congress are furious after the house went home without voting on a relief bill for hurricane sandy victims. >> absolutely inexcusable, absolutely indefensible. we have a moral obligation to hold this vote. >> on
will negotiate over many things. i will not have another debate with this congress. over whether or not they should pay bills they racked up. >> the white house officials say the president has the position because the last debate was harm to feel the economy. republicans insist we can't afford to not have the debate when we're $16 trillion in debt. they believe this is the only weapon to force the president to cut more spending. bret? >> bret: ed henry live on the north lawn. thank you. stocks finished ahead today now. that the fiscal cliff teal is in the books. the dow added 308. the s&p 500 was up 36. the nasdaq closed ahead 93. get analysis now of the wall street reaction. and reaction from world markets to this fiscal cliff deal. from melissa francis. markets seemed relieved today. why? >> we saw the dow go up. mostly because the deal got done. they liked something rather than nothing. the markets usually go up. if you look at the last couple of years since 2009, they have gone up between 1-3%. with or without a deal, in the normal range. at the end of the day when the dust s
. but we can't simply cut our way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up through the laws they passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government time to pay these bills on time, the result will be catastrophic. hopefully we will focus on seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the president doesn't want to scare us quite as much. nbc's tracie potts is on capitol hill. that was a new year's day to remember. >> it was. it was just in time for many americans who were concerned for tax rates going up. couples who make $450,000 or more will have higher tax rates here. you heard the president also talking about or eluding to the debt ceiling, that's a fight the congress still has to deal with, as the president made reference to paying those bills we already incurred. john boehner was able to
will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws they passed. let me repeat, we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some point. obviously the house felt a bit jammed by the senate. did mitch mcconnell jam john boehner and force boehner's hand? >> he didn't force boehner's hand, but he did step up in a way that boehn
way to prosperity. i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama. a little less brinksmanship. not scare the heck out of folks quite as much. >> well, the president doesn't want to scare us too much. nbc's tracie potts is live for us on capitol hill. tracie, it was a new year's day to remember. >> it was. this came a day late but just in time for the markets reopening this morning and just in time for many americans who were very concerned about their tax rates going up. that's an area that democrats gave him. couples who make $450,000 or more are going to have higher tax rates. you heard t
i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up through the laws they pass. let a repeat. we cannot not pay bills we have already incurred. if congress defuses to give the government the ability to pay these bills on time -- refuses to give the government the ability to pay these bills on time, consequences will be worse than the fiscal cliff. the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged. growth dropped. we cannot go down that path again. today's agreement in shrines in principle into law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that is how our economy works best. that is how we grow. the sum total of the agreements we reached so far proves there is a path forward. that it is possible. if we focus not on our politics, but on what is right for the country. the one thing i thin
spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house republican leaders backed down over their decision to postpone a force and the victims after both parties blasted lack of action. now, congress will vote on $9 billion in aid and additional aid later when congress officially returns to the new session. >> we are going to stick with the fiscal cliff for a moment because lawmakers are not the only ones sounding off about it. we have reaction from taxpayers to how much more they will still be paying. >> it is a huge concern not just for lawmakers but many americans. what does this deal really mean for me? we did not find a lot of people celebrating here in washington. >> i will have to pay more even though i am still working the same job i worked last year. >> that is part of the brutal truth. while income tax hikes were avoided, the 2% increase in social security contributions will mean a lighter paycheck across the board.
over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. let me repeat -- we cannot not pay bills that we have already incurred. congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged business investment plunged growth dropped. we cannot go down that path again. today's agreement enshrines a principle into law that will remain in place longer than i am president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share everyone does their part. that is how our economy works best. that is how we grow. the sum total of all the budget agreement's we have reached so far proves that there is a mass goal, that it is possible if we focus not on our politics, but on what i
not compromise on the debt ceiling. >> i will negotiate over many things, i will not have another debate with this congress over whether they should pay the bills they have racked up through the laws they passed. >>reporter: he means the white house believes a year and a half ago when they had the debate about the debt ceiling it hurt the markets, scared consumers, and had a damaging impact on the economy. they believe previous presidents have been able to get congress both of democrat and republican control to extend the debt ceiling but now the debt so high, that it is a major, major debate. >>gregg: finally, many republicans say the debt ceiling fight is their only way to get the president to cut more spending. is that their biggest leverage? >>reporter: it is. republicans took a beating over the fact that the deal has tax increases for the rich but did not have the spending cuts that speaker boehner and others called for. they believe the debt ceiling fight is the only way to force the president into a corner because he wants the debt ceiling raise. in exchange republicans will push
things, i will not have another debate with this congress over whether or not they should pay bills that they've racked up. through the laws they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government ability to pay these bills on time, the consequences for the global economy would be catastrophic, far worse than the impact of a fiscal cliff. people remember in 2011 last time this course of action was present, our entire recovery was put at risk. consumer confidence plunged to business investment plunged. growth dropped. we can't go down that path again. today's agreement enshrines i think a principle into law that will remain in place as long as i am president, the deficit needs to be reduced in a way that is balanced. everyone pays their fair share, everyone does their part that. is how our economy works best. that is how we grow. the sum total of all budget agreements we've reached so far prove there's is a path forward. that it is possible. if we focus not on our politic buzz what is right for the co
not to play politics with the nation's debt limit. >> i will not have another debate with this congress other than over whether they should pay the bills they have already racked up. >> reporter: the country is just a few months away from defaulting on their loans for the first too many in history. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exchange in south korea celebrated its first trading day in 2013. it finished up as did hong kong, australia, germany, britain and france. here in the u.s., the new year's first day of trading begins in about two hours. >>> people affected by hurricane sandy will have to wait for the next session of congress to learn
will get into this debate about hurricanes sandy relief in a while but more on the fiscal cliff as congress reached that deal last night. our next guest says we can't keep punching the ball. democratic congressman ron kline from wisconsin and new democrat coalition is with us now from capitol hill. that is what happened here, even though the deal was hammered out as we go through this whole thing again. >> happy new year. was an imperfect solution to an imperfect process and we stopped this 11th-hour brinksmanship which isn't conducive to the type of certainty our economy needs right now to continue to grow and create the jobs we need and short-term measures don't get it done. connell: what do we do? the idea of getting something big guns seems like everybody, there with the relative amount of optimism about a, quote, grand bargain or something that looked like simpson-bowles, mostly everyone has given up on that. from the democrats fought on revenue, simpson-bowles, $2.6 trillion in revenue which some people forget that was a ton of revenue and this one is $600 billion so you are not on th
another debate over this congress whether or not they should pay the bills they've already racked up. >> the bill as amended is passed. >> 89-8. that is absolutely historic. >> new year's eve produced by a bunch of sleep deprived doctrinenaraians. >> it reminds me of the jokes where someone stopped hitting you in the head with a hammer and you're supposed to say thank you. we created this monster. >> the yeas are 267. the nays are 167. >> so we have this totally dysfunctional senate. therefore a dysfunctional congress. >> it's not a violation. >> technically these are still tax cuts? >> correct. >> a hopefully the new year will focus on less drama, not scare the heck out of folks quite as much. >> let's get right to our panel here with me are krystal ball one of the hosts of msnbc's "the cycle" and jimmy williams an msnbc contributor. krystal, the fiscal cliff fight may be over but we heard many of them looking forward to a debt ceiling fight where medicare and taxes will be fought over. do these people not learn anything from 2011 when the credit worthiness of this nation was downgr
drawing a line in the sand for that upcoming battle. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up. the congress refuses to give the united states government the ability to pay these bills on time. and the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> so that was the president, let's talk to brianna keilar. covers the white house for us. live this morning from washington. brianna, we ran through the biggies there in the bill. i want you to run through what's not included in this bill. >> what you just mentioned, the spending cuts that are only in police for two months and then have to be dealt with, and the fact that the debt ceiling is going to be hit. right now, the treasury is taking extraordinary measures so it doesn't. but ultimately, congress will have to act in late february or early march. those are the things that congress has absolutely no choice. there is a deadline. have to deal with it. but democrats and republicans in the
are will not have another debate with this congress over weather or not they should pay the bills that they have already racked up. through laws they have already passed. let me repeat. we cannot not pay bills that we have already incurred. congress refuses to give the united states government the ability to pay these bills on time. the consequences for the entire global economy will be catastrophic. far worse than the fiscal cliff. if you remember in 2011, the last time this course of march and was threatened, the entire recovery was put at risk. the super confidence plunged consumer confidence plunged. we cannot go down that path. today's agreement will chime in to the principle of the law as long as i am president. the deficit needs to be reduced with a more balanced budget. everybody pays their fair share everybody does their part. that is how or our economy works best. the son of a total of all the budget agreement's the we have reached so far proves that there is a payoff board. and it is possible if we focused not on our politics but on what is right for the country. the one thing that ho
another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they've passed. let me repeat. we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011 the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. and today's agreement enshrines i think a principle into law that will remain in place as long as i am president. the deficit needs to be reduced in a way that's balanced. everyone pays their fair share. everyone does their part. that's how our economy works best. that's how we grow. the sum total of all the budget agreements we have reached so far proves that there is a path forward, that it is possible, if we focus not on our politics
debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they have passed. let me repeat. we can't not pay the bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impacts of the fiscal cliff. and people, they will remember back in 2011, the last time that this course of action was threatened, our entire recovery was put at risk, consumer confidence plunged, the business investment plunged and gross dropped. in today's agreement, they will remain in place as long as i am president. the deficit needs to be reduced in the way it is balanced as everyone needs to pay their fair share as everyone needs to pay their parts. that's how our economy works best. that's how we grow. the subtotal of all the budget agreements that we have reached so far proves that there is a path forward that it is possible. and if we focus not only on our politics, but on what's r
by president obama's remarks last night. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second vote on january 15th. >>> and the speaker has just responded to that criticism through a spokesman this evening. nbc news correspondent mike viqueira is nbc's washington bureau right now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were rep
no repeat. >> i will not have another debate with this congress on whether not we should pay the bills they have already racked up. >> the president thinks he is not going to negotiate, think again. he is not emperor of the planet. >> it might take a default, another downgrade. serious economic consequences to told us back to some kind of reality. that is a frightening prospect. >> of the congressional scholar says it could look like a tribal war appear. >> the agreement doesn't address all the fiscal problems, but they're coming together to avoid part of the economic turmoil. >> i really admire the republicans that came together with us so that we would not go into sequestration. >> the lesson i hope we have learned is that democrats and republicans need to come together much earlier in the process and do it in an earlier way. >> we are breaking down how the last minute deal has fallen into place. lower and middle income taxpayers are big winners, but there are also big losers. we have the details on the mobile application. >> and now, your forecast of the chief meteorologist. >> movi
to make, while i will negotiate over many things -- i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat -- we can't not pay bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. today's agreement, enshrines a principle into law that will remain in place as long as i president. the deficit need to be reduced in a way that is balanced. everyone pays their fair share. everyone does their part. that's how our economy works best. that's how we grow. the sum total of all of the budget agreements we have reached so far proves that there is a path forward
that congress typically does and we will debate spending long term entitlements that in the next congress, in the next year. but republicans say we always say next year, next time and democrats don't want to get serious on spending reform, don't want to be serious on entitlement reform or tax refor. republicans feel like they constantly kicked the can and this is their best way to try to extract those cuts. other pub republicans say take the tax deal while you can. tax rates railroad increased up and down the, basically every tax bracket revoted to the clinton era rates. they have all gone up. at this point vote for the tax cut, get out of here, come back on january 3rd and use the debt ceiling to extract cuts from democrats that try to the if us to some sort of fiscal sanity here. >> then two months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d
this. while i will negotiate over many things i will not have another debate with this congress whether or not they should pay the bills we have already wracked up. seems like he is not willing to entertain a fight over the debt ceiling bill. bill: do republicans trust the president's promise when he talks about spending cuts and really taking a hard look at those? >> reporter: bill, from several republicans i have spoken to seems they have this sense or learned to have this sense not to the pay too much attention to what the president says but to pay attention to what he does. listen to this remarkable statement from senator richard shelby on "fox and friends" a few short moments ago. >> i think that the president missed a great opportunity, one of leadership. he is just been reelected. he has four years left and this will be part of his legacy, the failure to step up and do the big thing when he could. he could have brought leadership to the table. he didn't. now he is wanting to talk about cutting spending? it is kind of a joke. >> reporter: some see this looming battle two months do
're spending our way into oblivion. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> joining me live, democratic congresswoman chair of the democratic national committee and member of the budget committee. thanks for being on the show. >> thanks for having me. >> you hear president obama say he's not going to negotiate on the debt limit. you heard lindsay graham say there save it for the debt battle. how far are they willing to go to prevent any debt accruing on that number. what gives you confidence the president will not net on this and what can he do to avoid negotiating on this? >> i think inwho has observed president obama over making sure that we could have a balanced approach to beginning deficit reduction has seen what's on the table and his willingness to compromise and what he's not willing to compromise on. let's look at what the republicans are using as a leverage point, no less than the full faith and credit of the united states. we got a good window in wha
. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environment of things as this is a congress that the president wants to undertake other issues like immigratio
. watch this. >> i will not have another debate with this congress over whether or not they should pay the bills they've already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incured. >> sounds like he's pretty strong and stern on that. what dooungs, governor? >> he is and he ought to be. the last time, it was an international disgrace, not just a national disgrace, but an international disgrace. we shouldn't play politics with that. we owe this money. we've got to pay it. we've got o to have the funds to pay it. i think the sequester comes up in two months, probably a week or two before the debt ceiling. we're going to have to have some resolution of the broader problem. what the president should do when he gets back from hawaii, call the congress and the congressional leaders and let's get to work on the grand bargain. the big deal. and the big deal is going to require, as chairman cleaver said, more compromise. on everyone's behalf. on the president's behalf and on the republicans behalf. progressives have to understand that an
ready for another fiscal debate in the coming months. congress and the white house will talk about the debt ceiling. we could reach the limit by the end of february. and won't likely agree to raising it without guarantees of spending cuts. despite this bill, you may notice your paycheck is a little smaller this year. that's because a temporary cut in a payroll tax just expired. the social security payroll tax jumps back to 6.2% for 160 million americans. it's been 4.2%. some banks say that could cut consumer spending by as much as $100 billion this year. that's less than the 115 to $125 billion in revenue it costs the government each year. >>> after the vote overseas markets jumped. cnbc's hampton pearce here to talk about. >> stocks poised to kick off the new year on a high note. futures are sharply higher. investors are reacting to that house vote on the bill last night to avoid the fiscal cliff. asian markets were higher overnight. traders say the rally could be short-lived as the next big battle in washington looms in a few months over raising the debt ceiling or the nation's b
's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >>> wall street is ready to rally this morning after the late-night budget breakthrough in washington. >>> asian markets got a big boost over news of the agramt. >>> horng congress's hang seng gained nearly 3%. >>> sandy hook elementary students are about to head back to class three weeks after a shooting. classes return to a repurposed school. >>> an open house is set for today. >>> a shell oil rig has run aground off the coast of alaska. >>> no oil is leaking. all members have been evacuated. >>> they captured photos of justin bean 'eers car. >> but he wasn't driving, and he wasn't in the car at all. >>> what a hit! >> he says i'll take care of business. >>> all that -- >> a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. >> makes me cry. >>> -- and all that matters. >> members of congress are for russ after the house went home without voegt on a leaf bill for victims of hurricane sandy. >> absolutely
many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >>> plus, hillary watch, just a short time ago, an suv carrying former president bill clinton left from an underground garage at a new york hospital where his wife, hillary, is still being treated for that blood clot in her head. good day, happy new year, i'm andrea mitchell live in washington. president obama arrived in washington today after a victory on the future of tax rates for all americans, but the fiscal cliff has set the stage for still future debt ceiling debacles to come. joining me now for our daily fix in the new year, chris cillizza and our correspondents on the hill, kelly o'donnell from the capitol and luke russert right here on the set. thank you all very much. first you, kelly, the late-night deal that averted the fiscal cliff left a lot of things still to come. what's the next fight? >> reporter: well, in addition to everyone's body clock being a little off, they have to gear up -- it's so true. they have to now begin loo
our way into oblivion. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> joining me now is adam schiff from southern california. thank you for joining us. we have speaker boehner and he said now the focus turns to spending. the american people reelected a republican majority in the house and we will use it to hold the president accountable for the balanced approach he promised. there at least two big fights ahead. the debt ceiling and the two-month delay. you heard senator lindsay graham saying they saved their powder. are they expecting a tough fight ahead? >> the fight cannot be over the debt limit. it can be over the resolution to effectively shut down the government. it can be over the sequester. those are powerful incentives to work together, but we can't continue to hold the country's economy and full faith in credit costage in russian roulette. the president really has to stand his ground on this. let's fight over the other things, but not put the e
spending. while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that the past. let me repeat. we cannot not pay bills that we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic, far worse than the impact of the fiscal cliff. people remember back in 2011, the last time this course of action was threatened, the entire recovery was put at risk. consumer confidence plunged. business investment plunged, growth crop. we cannot go down that path again. today's agreement enshrined the principle of the law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that is balanced. everyone pays their fair share and does their fair part. that is how the economy works best. that is how we grow. the sum total of all the budget agreement we reached so far proves there is a path forward, that it is pos
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